Chemical Engineering December 2022 - 60

Economic Indicators
2020
950
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Sept. '22
Prelim.
CE Index ______________________________________________
Equipment ____________________________________________
Heat exchangers & tanks _________________________________
Process machinery _____________________________________
Pipe, valves & fittings ____________________________________
Process instruments ____________________________________
Pumps & compressors ___________________________________
Electrical equipment ____________________________________
Structural supports & misc. ________________________________
Construction labor _______________________________________
Buildings _____________________________________________
Engineering & supervision _________________________________
821.1
1041.5
872.3
1047.7
1476.1
556.7
1312.1
785.0
1166.6
362.0
813.0
311.8
Aug. '22
Final
824.5
1046.7
879.5
1054.5
1480.9
556.8
1305.3
775.3
1185.0
358.9
825.8
311.6
900
Sept. '21
Final
754.0
946.5
810.6
958.5
1330.9
551.3
1180.5
639.3
1038.9
348.4
771.9
311.1
Starting in April 2007, several data series for labor and compressors were converted to accommodate series IDs discontinued by
the U.S. Bureau of Labor Statistics (BLS). Starting in March 2018, the data series for chemical industry special machinery was
replaced because the series was discontinued by BLS (see Chem. Eng., April 2018, p. 76-77.)
CURRENT BUSINESS INDICATORS
CPI output index (2017 = 100) ____________________________________________________
CPI value of output, $ billions _____________________________________________________
CPI operating rate, % __________________________________________________________
Producer prices, industrial chemicals (1982 = 100) ____________________________________
Industrial Production in Manufacturing (2017 =100)* ___________________________________
Hourly earnings index, chemical & allied products (1992 = 100) ____________________________
Productivity index, chemicals & allied products (1992 = 100) ______________________________
CPI OUTPUT INDEX (2000 = 100)†
(2017 = 100)
100
105
110
75
80
85
90
95
J F M A M J J A S O N D
1500
1600
1700
1800
1900
2000
2300
J F M A M J J A S O N D
LATEST
Sept.'22 = 102.5
Aug. '22 = 2,173.9
Sept.'22 = 82.8
Sept.'22 = 359.4
Sept.'22 = 102.8
Sept.'22 = 204.2
Sept.'22 = 92.7
Annual Index:
2014 = 576.1
2015 = 556.8
2016 = 541.7
2017 = 567.5
2018 = 603.1
2019 = 607.5
2020 = 596.2
2021 = 708.8
850
800
750
700
650
600
550
500
J F M A M J J A S O N D
PREVIOUS
Aug. '22 = 102.3
Jul. '22 = 2,169.9
Aug. '22 = 82.7
Aug. '22 = 364.1
Aug. '22 = 102.3
Aug. '22 = 200.1
Aug. '22 = 93.6
CPI OUTPUT VALUE ($ BILLIONS)
60
65
70
75
80
85
J F M A M J J A S O N D
*Due to discontinuance, the Index of Industrial Activity has been replaced by the Industrial Production in Manufacturing index from the U.S. Federal Reserve Board.
†For the current month's CPI output index values, the base year was changed from 2012 to 2017
Current business indicators provided by Global Insight, Inc., Lexington, Mass.
CURRENT TRENDS
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27206
he preliminary value for the CE Plant
Cost Index (CEPCI; top) for September
2022 (most recent available) fell
for the third consecutive month, following
a long string of increases between
November 2020 and June 2022. For
the September preliminary data, decreases
in the Equipment and Buildings
subindices offset small increases in the
Construction Labor and Engineering
& Supervision subindices to bring the
overall CEPCI lower for the month. The
current CEPCI value now sits at 8.9%
higher than the corresponding value
from September of last year. Meanwhile,
the Current Business Indicators
(middle) show small increases in the
CPI output index and the CPI operating
rate for September 2022.
DECEMBER 2022
T
Jul. '22 = 101.8
Jun. '22 = 2,239.1
Jul. '22 = 82.4
Jul. '22 = 386.7
Jul. '22 = 102.0
Jul. '22 = 199.8
Jul. '22 = 92.6
YEAR AGO
Sept. '21 = 98.6
Aug. '21 = 1,835.6
Sept. '21 = 80.1
Sept. '21 = 327.5
Sept. '21 = 98.2
Sept. '21 = 197.5
Sept. '21 = 94.4
CPI OPERATING RATE (%)
2021
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2022
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Chemical Engineering December 2022

Table of Contents for the Digital Edition of Chemical Engineering December 2022
